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Copperlong

Copper is approaching support, potential bounce We maintain a bullish view on Copper. Currently, copper prices are testing our first support, in line with our 61.8% fibonacci retracement, graphical support area and 100% fibonacci extension where we could see a bounce above this level to our first resistance target. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
OANDA:XCUUSDLong
by Tickmill
1
Copper prices are approaching support, potential bounce Copper prices are approaching our first support, in line with our 61.8% fibonacci retracement, graphical support area and 100% fibonacci extension where we could see a bounce above this level to our first resistance target. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
OANDA:XCUUSDLong
by Tickmill
3
Copper is facing bullish pressure, potential for further upsideCopper bounced nicely from our support level to hit our resistance target previously. Price is facing bullish pressure from our first support, in line with our horizontal overlap support, 23.6% fibonacci retracement where we could see a further upside above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
OANDA:XCUUSDLong
by Tickmill
1
Copper is facing bullish pressure, potential for further upsideCopper bounced nicely from our support level to hit our resistance target previously. Price is facing bullish pressure from our first support, in line with our horizontal overlap support, 23.6% fibonacci retracement where we could see a further upside above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
OANDA:XCUUSDLong
by Tickmill
3